Thermal coal stock at major ports in the country rose by 8% w-o-w to 12.11 million tonnes (mnt) during 20-24 Mar’22 as a total volume of 2.4 mnt of coal-laden vessels arrived last week, while another 0.6 mnt are already at anchorage, CoalMint data revealed.
The majority of these shipments were made by end-users including Semb Corp Gayathri Power, Balco, Rayalaseema, Visa Steel, while Adani Enterprise, Agarwal Coal and Friends Impex were the top three traders importing thermal coal in this period. Traders are avoiding any major bookings amid the high volatility in the international market.
Coal vessels that were booked at higher prices earlier this month made their way to ports last week. Higher port-side offers, on the other hand, led to lesser trades, thus, resulting in stock accumulation.
Thermal coal stock at key ports
*Qty in mnt
As per the above table, thermal coal stock at Mundra Port recorded the highest rise by 28% w-o-w with an increase in the inventory of Adani Enterprise by 42% w-o-w to 0.85 mnt, followed by a combined stock of CGPL and Tata at 0.65 mnt.
At Navlakhi and Kandla ports, coal stock of major importers including Agarwal Coal, Mohit Minerals, Swiss Singapore showed a w-o-w decline.
Party-wise stock at Indian ports
*Quantity in mnt
How much coal is arriving at Indian ports?
Thermal coal prices across origins continue to remain elevated, leading to limited quantity of imports. A total of 1.6 mnt of such coal-laden vessels are set to arrive at Indian ports between 30 Mar-14 Apr’22.
Party-wise vessel arrival
*Quantity in mnt
The receiver-wise analysis shows that Adani Enterprise procured the highest volume of coal, followed by JSW and BPSL which booked a combined vessel. However, there has also been a steep decline in imports of other major end-users amid the ongoing volatility in global prices.
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